Reporting a decisive lead in more than 200 seats in the rural and agriculturally dominant state of Bihar, India’s ruling National Democratic Alliance (NDA) appeared firmly on course for victory in the crucial assembly elections. The early trends, signalling political continuity, set off a swift turnaround in the equity markets…
A renewed wave of spending from Chinese consumers, coupled with steady demand in the US, is breathing life back into the global luxury sector.After a challenging year marked by economic uncertainty and shifting consumer habits, brands like Richemont, LVMH, and Ralph Lauren are emerging as standout beneficiaries of this rebound.Experts…
Nvidia’s third-quarter earnings report on November 19 is set to be a critical market event, with investors and analysts intensely focused on the AI chip giant’s performance and prospects. CNBC’s Jim Cramer highlighted that Nvidia stock could “move the market” depending on whether the company beats expectations, raises guidance, and…
The market frenzy around Pop Mart International Group Ltd.’s wildly popular Labubu toys may be nearing its breaking point, according to a bearish analyst who likens the craze to the Beanie Babies bubble of the 1990s.The scarcity, the hunt, the dopamine hit and the secondary market fueling Labubu’s popularity resemble…
Gold prices slumped more than 3% on Friday as a December interest rate cut by the US Federal Reserve looks less likely. Silver prices on COMEX plunged over 5%, tracking losses in the yellow metal. Silver has gained sharply over the last few sessions, and had overshadowed gold’s rise.Oil prices on…
Robinhood Markets Inc (NASDAQ: HOOD) is slipping this morning amidst a broader sell-off in the crypto market that’s even pushed Bitcoin below the $95,000 level.However, this pullback will likely prove short-lived since HOOD has quietly built a new business that’s growing even faster than is early crypto boom – “prediction…
Walmart Inc. (NYSE: WMT) is inching down this morning after its longtime chief executive, Doug McMillon, said he’ll retire in January, with John Furner set to take the reins on February 1st.Investors seem nervous primarily because they believe it may be hard to fill in for McMillon, who has transformed…
Europe saw a flurry of political and economic developments this week, from a major US–Swiss trade breakthrough to the UK government’s surprise decision to shelve a planned income tax rise.The BBC found itself in hot water over a misleading edit of a Trump speech, prompting an apology but no payout.And…
After months of punishing trade tensions, the US and Switzerland announced a breakthrough deal on Friday that will slash tariffs to 15% from the brutal 39% rate imposed in August.The agreement marks a stunning reversal for the Swiss economy, which saw exports to America collapse by 14% in the three…
The copper rally fizzled out quickly after the metal briefly soared past $11,000 per ton, as disappointing economic figures from China and the partial reopening of Indonesia’s key Grasberg mine cooled market enthusiasm and drove prices lower.The recent data on industrial output from China presents a mixed picture. While overall industrial…